(MercadoLibre Inc)

	MELI latest price $257.6142 (0.49%) ($251.6603 - $259.0827) on Wed. Sep. 6, 2017.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.55% (three month average)
RSI	64
Latest Price	$257.6142(0.49%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 1.4% a day on average for past five trading days.
Weekly Trend	MELI advances 3.2% a week on average for past two weeks.
Market Behavior	Broad based rally for large cap. Value stock rally for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(67%)    QQQ(64%)    IWF(63%)    IVW(62%)    ARKK(61%)
Factors Impacting MELI price	MELI will decline at least -1.275% in a week (0% probabilities).   VIXM(-13%)    UUP(-11%)    TLT(-5%)    SHY(-1%)    IGOV(2%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.275% (StdDev 2.55%)
Hourly BBV	0 ()
Intraday Trend	0.1%

5 Day Moving Average	$254.06(1.4%)
10 Day Moving Average	$248.94(3.48%)
20 Day Moving Average	$244.25(5.47%)
To recent high	-11.8%
To recent low	10.8%
Market Cap	$12.806b

MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina.

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